A SURVEY CONDUCTED by ABA Journal and published in the February 2007 edition indicated that an overwhelming number of the young lawyers who responded to the survey would welcome an opportunity to work less for less pay. “Of the 2,377 respondents who answered all or part of the survey, 84.2 percent indicated they would be willing to earn less money in exchange for lower billable-hour requirements. … A majority of respondents-no matter how much less they wanted to work-were willing to accept a pay cut equal to the percentage reduction in their workload,” according to the ABA Journal. The survey also indicated that 15.1 percent of those looking for a 20 percent cut in billable hours would be willing to sacrifice 25 percent or 30 percent of their pay for less time at work.
A similar survey reported by the Daily Report in the Feb. 23 edition “What they’re thinking” showed less willingness to sacrifice pay for more leisure, but 38.6 percent indicated that they would have preferred a 10 percent reduction in minimum billable-hour expectations instead of the raise of approximately 18 percent instituted by most of the major firms.
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